🔴 BTC - RANGE AND EMA REJECTION?

fraudiana@bbs · 2022-09-09T10:02:49.000Z

BTC - 4hr chart [https://deweb-519a7.b-cdn.net/post-images/18940374-e5d4-4103-bb18-72c10997841a.png] BTC - 4hr chart If you remember my previous post about BTC, we defined 2 key ranges that we need to keep an eye on. We are back in Range 2 now, after dropping below it and made it straight to Range 1 but did not manage to get a 4hr close above the cyan line yet. Also we did get a rejection at the 200 EMA, which acted as support and resistance before already as you can see in previous price action. So stay cautious with longs as long as we don't manage to go above it. I could see BTC going down to the upper red dotted line of Range 2 and then try again to break above the cyan line. Previous post: 🔍 BTC - RANGES + IMPORTANT EMA [https://firebasestorage.googleapis.com/v0/b/deweb-519a7.appspot.com/o/posts%2FCHARTS%2Fcontent-images%2Fc884f45f-a8fe-4a9b-ba18-b4fa47ab18ac.png?alt=media] 🔍 BTC - RANGES + IMPORTANT EMA BTC is moving in two ranges since the big drop on August 19. Within the ranges, there are other support and resistance lines that are important as well (red dotted) when you look at the closing prices. For example: we didn't get a close above the red dotted resistance line in the range after we came dropped into range 2 form range 1.Right now we are at the red support line of range 2, so we could see a bounce from there or, if we close below it, it could be a first sign that we're going lower.<u class= [https://bbs.market/CHARTS/posts/2rdRSTNn91ms1zBBhLeE]

fraudiana

Sep 9, 2022

BTC - 4hr chart

If you remember my previous post about BTC, we defined 2 key ranges that we need to keep an eye on. We are back in Range 2 now, after dropping below it and made it straight to Range 1 but did not manage to get a 4hr close above the cyan line yet. Also we did get a rejection at the 200 EMA, which acted as support and resistance before already as you can see in previous price action. So stay cautious with longs as long as we don't manage to go above it.

I could see BTC going down to the upper red dotted line of Range 2 and then try again to break above the cyan line.

Previous post:

BTC is moving in two ranges since the big drop on August 19. Within the ranges, there are other support and resistance lines that are important as well (red dotted) when you look at the closing prices. For example: we didn't get a close above the red dotted resistance line in the range after we came dropped into range 2 form range 1.Right now we are at the red support line of range 2, so we could see a bounce from there or, if we close below it, it could be a first sign that we're going lower.<u class=

bbs.market🔍 BTC - RANGES + IMPORTANT EMABTC is moving in two ranges since the big drop on August 19. Within the ranges, there are other support and resistance lines that are important as well (red dotted) when you look at the closing prices. For example: we didn't get a close above the red dotted resistance line in the range after we came dropped into range 2 form range 1.Right now we are at the red support line of range 2, so we could see a bounce from there or, if we close below it, it could be a first sign that we're going lower.<u class=

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